FirstBank honors recycled material art contest winners
December 8, 2014
The winners of the first art contest using recycled materials sponsored jointly by FirstBank — through its “Uno con el Ambiente” environmental program — and Fundación Proyecto La Línea de mi Pensamiento, were recently honored in a ceremony showcasing the submitted works.
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Fitch affirms ratings for Puerto Rico banks after review
December 5, 2014
Fitch Ratings announced Thursday it completed a peer review of three rated Puerto Rican banks, and affirmed the long-term “Issuer Default Ratings” for Doral Financial Corp. at 'C' and Popular Inc. at 'BB-' and First BanCorp at 'B-.'
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Collaborative space in Santurce gets broadband hookup
December 5, 2014
The Foundation for Puerto Rico and Columbus Business Solutions announced Thursday an agreement whereby the latter will outfit the nonprofit’s “Colaboratorio” space in Santurce, enabling grassroots organizations sharing the space to have access to high-speed broadband technology.
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Santander Universidades launches Becas Santander app
December 5, 2014
College students from more than 1,100 universities and research centers worldwide will now have free access to the new Becas Santander mobile application, launched through Banco Santander’s Santander Universidades division.
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Claro provides free Wi-Fi to San Patricio plaza food court
December 5, 2014
Telecommunications provider Claro and San Patricio Plaza executives announced Thursday that the carrier will be offering free Wi-Fi access to the mall’s food court patrons, who will be able to connect through any mobile device — smartphones, tablets and laptops.
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37 retailers to pay $925K fine in Tous counterfeit suit
December 4, 2014
Some six months after Tous — the Spanish design house known for its emblematic teddy bear — filed a civil suit against Puerto Rican businesses and individuals for allegedly selling counterfeits of its products, the U.S. District Court in San Juan issued a combined $925,000 in fines against 37 defendants in the case.
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San Juan among ‘100 Resilient Cities Challenge’ winners
December 4, 2014
Puerto Rico’s capital, San Juan, is one of this year’s 35 winners of this year’s “100 Resilient Cities Challenge,” joining a network created by The Rockefeller Foundation last year, organizers announced Wednesday during a summit in Singapore.
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OFG Bancorp added to S&P 600 Index
December 4, 2014
OFG Bancorp was added to the Standard & Poor’s SmallCap 600 after the market close on Tuesday, S&P Dow Jones Indices announced.
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Avnet Technology Solutions expands footprint in LatAm
December 4, 2014
Avnet Technology Solutions, an operating group of Avnet, Inc. announced Wednesday the expansion of its Latin America and Caribbean relationship with Oracle from Brazil, Chile, Mexico and Puerto Rico to also include Venezuela, as well as bolstered offerings in Puerto Rico, where Oracle Software is already available.
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Puerto Rico bankruptcies at -6.3% in November
December 3, 2014
Bankruptcy filings dropped by 6.3 percent in November, when a total of 771 cases were filed, in comparison to the same month last year, according to preliminary figures released by research firm Boletín de Puerto Rico on Tuesday.
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‘The Banker’ names Banco Popular ‘Bank of the Year’
December 3, 2014
Popular Inc. announced Tuesday its banking subsidiary, Banco Popular de Puerto Rico, received the prestigious “Bank of the Year Puerto Rico for 2014” award from The Banker, an international banking magazine published by The Financial Times.
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AT&T remodels, expands St. Thomas store
December 3, 2014
Just in time for the busy holiday shopping season, AT&T has unwrapped its newly expanded and remodeled store in Charlotte Amalie, St. Thomas.
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Puerto Rico’s public schools getting $15M tech upgrade
December 2, 2014
Puerto Rico Department of Education officials announced Monday the start of a $15 million technological upgrade program that aims to improve the infrastructure for Internet connectivity at the island’s 1,384 schools over the next five years.
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Report: Fiscal lessons Cuba could learn from Costa Rica
December 2, 2014
WASHINGTON — Cuba, whose halting reforms have failed to energize the island’s stagnant, centralized economy, may have a thing or two to learn from Costa Rica — which over the last 30 years has made enormous strides in slashing poverty, promoting trade and luring foreign direct investment.
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Op-Ed: Myths and truths on Puerto Rico’s current cycle
December 2, 2014
Puerto Rico’s “Great Recession,” as is the case with any complex phenomena, is not without its own myths.
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